Science Applications International Corporation Common Stock (SAIC)
Financial leverage ratio
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,314,000 | 5,543,000 | 5,746,000 | 5,723,000 | 4,711,000 |
| Total stockholders’ equity | US$ in thousands | 1,785,000 | 1,694,000 | 1,619,000 | 1,542,000 | 1,417,000 |
| Financial leverage ratio | 2.98 | 3.27 | 3.55 | 3.71 | 3.32 |
February 2, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,314,000K ÷ $1,785,000K
= 2.98
The financial leverage ratio of Science Applications International Corporation Common Stock has exhibited a downward trend over the past five years, decreasing from 3.32 in January 2020 to 2.98 in February 2024. This indicates that the company's reliance on debt to finance its operations has decreased over this period. A lower financial leverage ratio suggests that a company has a lower level of debt relative to its equity, which can be seen as a positive indication of financial stability and risk management. Investors and stakeholders may view this trend positively as it signals a potential improvement in the company's capital structure and balance sheet strength. It is essential to continue monitoring the financial leverage ratio to assess the company's ongoing debt management and financial health.
Peer comparison
Feb 2, 2024